Financials Skanska AB

Equities

SKA B

SE0000113250

Construction & Engineering

Real-time Estimate Cboe Europe 10:56:57 2024-05-24 am EDT 5-day change 1st Jan Change
190.4 SEK +0.26% Intraday chart for Skanska AB -3.03% +4.28%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 87,039 86,428 96,563 67,908 74,823 77,910 - -
Enterprise Value (EV) 1 91,956 73,571 81,935 67,908 67,374 67,979 66,088 63,156
P/E ratio 13.7 x 9.34 x 11.8 x 8.86 x 23.1 x 12.6 x 11.6 x 10.7 x
Yield 2.95% 3.1% 2.99% - 3.02% 4.13% 4.3% 4.35%
Capitalization / Revenue 0.49 x 0.54 x 0.65 x 0.42 x 0.48 x 0.46 x 0.45 x 0.43 x
EV / Revenue 0.52 x 0.46 x 0.56 x 0.42 x 0.43 x 0.41 x 0.38 x 0.35 x
EV / EBITDA 8.46 x 4.97 x 6.55 x 5.65 x 11.3 x 7.32 x 6.54 x 6.05 x
EV / FCF 20.1 x 7.51 x 14.6 x - 107 x 16.2 x 11.8 x 9.65 x
FCF Yield 4.99% 13.3% 6.84% - 0.94% 6.16% 8.47% 10.4%
Price to Book 2.65 x 2.24 x 2.13 x - 1.33 x 1.33 x 1.27 x 1.21 x
Nbr of stocks (in thousands) 411,145 412,151 412,308 411,564 410,324 410,378 - -
Reference price 2 211.7 209.7 234.2 165.0 182.4 189.8 189.8 189.8
Announcement Date 2/7/20 2/5/21 2/3/22 2/3/23 2/9/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 176,782 158,606 147,576 161,602 157,052 167,577 172,665 182,089
EBITDA 1 10,871 14,805 12,501 12,011 5,978 9,281 10,111 10,444
EBIT 1 7,828 11,860 9,832 9,297 3,231 6,700 7,640 8,520
Operating Margin 4.43% 7.48% 6.66% 5.75% 2.06% 4% 4.42% 4.68%
Earnings before Tax (EBT) 1 7,725 11,624 9,660 9,586 3,832 7,337 8,208 9,023
Net income 1 6,372 9,274 8,188 7,702 3,272 6,231 6,783 7,354
Net margin 3.6% 5.85% 5.55% 4.77% 2.08% 3.72% 3.93% 4.04%
EPS 2 15.46 22.46 19.80 18.62 7.890 15.09 16.32 17.81
Free Cash Flow 1 4,585 9,797 5,602 - 632 4,186 5,600 6,543
FCF margin 2.59% 6.18% 3.8% - 0.4% 2.5% 3.24% 3.59%
FCF Conversion (EBITDA) 42.18% 66.17% 44.81% - 10.57% 45.11% 55.38% 62.64%
FCF Conversion (Net income) 71.96% 105.64% 68.42% - 19.32% 67.18% 82.56% 88.97%
Dividend per Share 2 6.250 6.500 7.000 - 5.500 7.832 8.172 8.250
Announcement Date 2/7/20 2/5/21 2/3/22 2/3/23 2/9/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 44,365 37,811 44,838 38,603 40,350 34,878 39,940 40,348 41,886 36,389 41,701 44,213 45,200 38,820 44,800
EBITDA - - - - - - - 1,526 1,645 - - - - - -
EBIT 1 3,627 1,900 2,397 1,518 3,530 394 1,331 549 957 497 1,762 1,944 2,773 1,304 1,947
Operating Margin 8.18% 5.02% 5.35% 3.93% 8.75% 1.13% 3.33% 1.36% 2.28% 1.37% 4.23% 4.4% 6.14% 3.36% 4.35%
Earnings before Tax (EBT) 1 3,562 1,860 2,408 1,587 3,731 540 1,464 700 1,128 722 1,809 2,094 2,887 1,411 2,058
Net income 1 3,079 1,495 1,914 1,287 3,006 434 1,229 590 1,019 525 1,424 1,845 2,444 1,148 1,972
Net margin 6.94% 3.95% 4.27% 3.33% 7.45% 1.24% 3.08% 1.46% 2.43% 1.44% 3.41% 4.17% 5.41% 2.96% 4.4%
EPS 2 7.450 3.620 4.610 3.100 7.280 1.040 2.960 1.410 2.480 1.280 3.410 4.430 5.890 2.770 4.760
Dividend per Share 2 7.000 - - - - - - - 5.500 - 5.500 - - - 4.000
Announcement Date 2/3/22 5/4/22 7/21/22 10/26/22 2/3/23 5/4/23 7/21/23 11/1/23 2/9/24 5/8/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,917 - - - - - - -
Net Cash position 1 - 12,857 14,628 - 7,449 9,931 11,822 14,754
Leverage (Debt/EBITDA) 0.4523 x - - - - - - -
Free Cash Flow 1 4,585 9,797 5,602 - 632 4,187 5,600 6,543
ROE (net income / shareholders' equity) 21.4% 27.8% 20% - 9% 10% 10.4% 10.8%
ROA (Net income/ Total Assets) 5.26% 7.37% 6.19% - 2.13% 3.57% 4% 3.99%
Assets 1 121,157 125,824 132,336 - 153,392 174,795 169,402 184,267
Book Value Per Share 2 80.00 93.70 110.0 - 137.0 143.0 150.0 157.0
Cash Flow per Share 2 14.60 27.20 17.90 - 7.740 20.70 21.70 24.90
Capex 1 1,453 1,487 1,834 - 2,575 1,973 1,704 1,805
Capex / Sales 0.82% 0.94% 1.24% - 1.64% 1.18% 0.99% 0.99%
Announcement Date 2/7/20 2/5/21 2/3/22 2/3/23 2/9/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
189.8 SEK
Average target price
200.8 SEK
Spread / Average Target
+5.74%
Consensus